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5 Written questions

5 Matching questions

  1. All wages are subject to the Medicare tax at a rate of ___% each for both employees and employers.
  2. Trial balance
  3. Disbursement journal
  4. Checkbook
  5. Entry
  1. a A method of checking the accuracy of accounts.
  2. b Receipts usually are deposited in the ckecking account, and a record of the deposit is entered in the journal and on the check register.
  3. c usually consists of a section at the bottom of each day sheet and a check register page at the end of each month, plus monthly and annual summaries.
  4. d 1.45%
  5. e A record or notation of an occurrence, transaction, or proceeding.

5 Multiple choice questions

  1. recording, classifing, summarizing, and interpreting financial statemends.
  2. A request for payment.
  3. A financial statement for a specific date that shows the total assets, liabilities, and capital of the business.
  4. - Every amount paid out.
    - Date and check number.
    - Purpose of the payment.
  5. The entire property of a person, association, corporation, or estate applicable or subject to the payment of debts.

5 True/False questions

  1. BookkeepingThe recording of business and accounting transactions.


  2. Accounts payableAmounts owed to the physician.


  3. Common accounting systemssingle-entry system, double-entry system, and pegboard (write-it-once) system


  4. Cash flow statementA request for payment.


  5. SubsidiaryThe monetary value of a property or of an interest in a property in excess of claims or leins against it.